Nasdaq & Russell 2000 is all set to make new all time highs....
Nasdaq only 181.52 points or .97% away from making new all time high which currently stands @ 18,671.07...
Russell 2000 is 23.91 points away or 1.04%....2300.00 is the number to cross.....
Both indices can do this in 1 day of trading or could do the same in same session...
There is lot of skepticism about Russell 2000 which IS a good thing......
Nasdaq new series of all time highs are considered given.....
IF I was placing my bets, I will use ETF on both & stick with it.....
In US stock market, It Is always a good idea to diversify thus IWM & QQQ sound like a safe strategy going forward....
It IS earnings season with TSLA on Wednesday, another laggard which looks good....
Earnings could be meet expectations BUT guidance can be much better, generally speaking....
This IS a very good market with BULLS in control, its slow & steady northbound.....
Always a good strategy to be overexposed in strong bull market which comes quite infrequently....
YES....there will be pullbacks along the way BUT It may present buying opportunity in many many stocks....so have your buy list ready.....
Good luck with your own strategy & comfort level...
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Stocktrader,
Last week UP 5.12%
YTD UP 29.85%
Saleem
Hi Stocktrader,
Sold GDXJ @ $55.00
Sold AG.TO @ $10.67
Saleem
Hi Saleem,
Great trades - good luck on next picks!
Stocktrader
Hi Saleem,
Last week: -1.21% (YTD: -6.66%)
Portfolio Leaders: ZENV FLYW
Portfolio Laggards: BMR TZA
It was another disappointing week for the portfolio as the indices rose once again and the large short position weighed on performance. Despite yields rising significantly since the Fed rate cut, stocks have shrugged off everything. I feel like the market is stretched short term, but year-end effects might prevent any serious or multi-day decline. At this point, I just watch potential buys run further away from my initial entry thoughts, but don't want to unwind my short positioning just as a decline, even of small magnitude, might finally be upon us. I am looking actively to trim at least a little, though, so that I may take advantage of individual stock opportunities. Maybe this week will provide me that chance.
Holdings: TZA(46%) MSTR(22%) ZENV FLYW BMR PSNL, cash 1%
Stocktrader
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